Earnings Report: Tata Textile Mills Ltd. (PSX: TATM) today reported Financial Results for the Twelve months ended June 30, 2017

Unconsolidated Profit and Loss Account - For the Year Ended

Key Financials

2017

2016

% Change

Amounts in PKR

Net Sales

5,014,434,040

4,906,547,408

2.20%

Cost of Goods Sold

4,673,997,854

4,678,633,526

-0.10%

Gross Profit

340,436,186

227,913,882

49.37%

Dist: Cost

86,156,501

129,698,805

-33.57%

Admin Expenses

124,327,427

139,657,268

-10.98%

Other operating expenses

9,733,067

16,988,302

-42.71%

Finance Cost

101,390,535

107,721,514

-5.88%

Other Income

64,869,748

5,786,560

1021.04%

Profit/Loss before Taxation

83,698,404

(160,365,447)

Taxation

41,329,606

34,051,524

21.37%

Profit/Loss after Taxation

42,368,798

(194,416,971)

EPS - Basic & diluted

2.45

(11.22)